Speculative fund traders were busy covering bearish bets and putting on new long positions during the first few days of February, taking the net short position in canola to its smallest level since September 2023, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Speculators exit short positions in canola
Net short smallest since 2023
ICE canola weekly outlook: Uncertainty overhanging market
Tariff threats and U.S. biofuel questions
A pause on tariffs from the United States gave the canola market a boost during the first few trading days of February, although the outlook remains cloudy, and values ran into resistance on Feb. 5.
U.S. tariffs on Canada delayed until March
Trudeau and Trump reach deal to postpone trade war
A looming trade war between Canada and the United States set to begin Feb. 4 will be postponed for at least another month, Prime Minister Justin Trudeau announced via social media late Monday, Feb. 3.
U.S. livestock: Cattle futures up to end week
Live and fed cattle futures on the Chicago Mercantile Exchange posted small gains on Friday but ended the month off the contract highs hit earlier in the week.
U.S. livestock: Cattle futures correct off highs
Live and fed cattle futures on the Chicago Mercantile Exchange backed away from their contract highs on Wednesday, as chart-based positioning weighed on values.
Rallying corn futures nearing resistance
Chicago corn just shy of $5.00
Corn futures at the Chicago Board of Trade have climbed steadily higher over the past two months, although the uptrend could soon run into resistance as the grain nears overbought territory and farmers will be looking to make some sales.
U.S. livestock: Cattle rally continues
Live cattle futures on the Chicago Mercantile Exchange hit fresh contract highs once again on Tuesday, with expectations for declining U.S. inventories behind some of the buying interest.
U.S. livestock: Cattle futures mixed Monday
Live cattle futures on the Chicago Mercantile Exchange hit fresh contract highs on Monday, while feeder cattle ran into resistance and backed away from their own highs to settle with small losses.
Prairie spring wheat rise with U.S. futures
Hard red spring wheat bids in Western Canada moved higher during the week ended Jan. 23, as a rally in the United States futures provided support.
Feed grain update: Barley steady as corn rises
Higher U.S. corn prices limiting imports
Feed barley prices in Western Canada were holding relatively steady in mid-January, despite rising corn prices south of the border.
Cyber-Savvy Farmer
